These may include:
•
Retirement accounts
•
Life insurance policies
•
Annuities
•
Transfer-on-death accounts
It is important to regularly review beneficiary
designations to ensure they align with your overall
estate plan.
Updating Your Estate Plan
Estate planning is not a one-time event.
Documents should be reviewed periodically and
updated after major life events such as:
•
Marriage or divorce
•
Birth of children or grandchildren
•
Death of a family member
•
Significant financial changes
•
Retirement
•
Relocation to another state
Laws and family circumstances evolve over time,
making regular estate planning reviews essential.
Final Thoughts
Estate planning is about far more than distributing
assets. It is about protecting your family, preserving
your wishes, and creating clarity during life’s most
difficult moments.
At a minimum, individuals should consider having:
•
A Durable Power of Attorney
•
Healthcare directives and proxy
documents
•
A Last Will and Testament
•
Trust planning where appropriate
•
Updated beneficiary designations
Working with qualified estate planning attorneys,
tax professionals, and financial advisors can help
ensure your plan reflects your goals and remains
aligned with current laws and family needs.
A well-designed estate plan provides more than
legal
protection
-
it
provides
confidence,
organization, and peace of mind for both you and
the people you care about most.
We believe an informed client is the best client. Our
commitment is to offer our clients consistent,
meaningful communication and to proactively help
them
navigate
the
changing
economic
environment. If you would like to explore our
services, please contact us. We always
recommend discussing any potential changes,
concerns, or ideas that you may have with a
qualified financial professional prior to making any
financial decisions so they can help you determine
your best strategy and make sure your plan is still
aligned with your goals.
Financial Planning and Advisory Services are offered through Prosperity Capital Advisors (“PCA”), an SEC registered investment advisor. Registration as an investment advisor
does not imply a certain level of skill of training. Wealth Management Strategies and PCA are separate, non-affiliated entities. PCA does not provide tax or legal advice.
Complimentary Starter Session™
Would you like a second opinion of your financial plan?
If you are not a client of Wealth Management Strategies, we would like to offer you a
complimentary, Starter Session™ at absolutely no cost or obligation.
Please call 252-451-0488 for more information or to schedule your Starter Session™!
Our goal is to help people just like you with their financial goals and decisions!